Why Defense Contractors’ Merger is Major for Rochester

Why Defense Contractors’ Merger is Major for Rochester

Overview

By Spectrum News

Two big defense contractors, one with major ties to Rochester, are merging.

Harris Corporation and L3 Technologies, based in New York City, sealed the deal Sunday.

The new company will be known as L3 Harris Technologies, and will be the sixth largest defense contractor in the U.S.

A company spokesman says the new entity has about $16 billion in annual revenues and employs more than 48,000 people worldwide.

Harris Corporation has five locations in the Rochester area and provides communications equipment used by the military; L3 Technologies has one in the town of Victor in Ontario County.

The spokesperson told Spectrum News that, “The company expects to continue to maintain its strong presence in Rochester. The merger creates opportunities for growth within the region and expanding career opportunities for our existing employees here.”

Doug Hendee, CFP Chief Sales Officer at Brighton Securities says it’s a move in the right direction for the Rochester area.

“As the companies continue to grow chances are they’ll be adding engineers and manufacturing people here in Rochester,“ Hendee said.

In a statement, the Sen. Schumer said:

“Harris Corp. has proven time and time again that they are committed to Rochester as their home base to make superior radios, geospatial, and intelligence systems for the U.S. military and our allies across the world.”

Schumer also said Harris’s merger with L3 could expand the company’s presence in Rochester and add onto its work force.